BCFN vs SPY

BCFN vs SPY

Which is better, BCFN or SPY?

Large Cap Value against Large Cap Blend.

SPY has a lower expense ratio. SPY led over 1Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 45.1%.

Lower Fees: SPYHigher Returns (1Y): SPYLess Concentrated: SPY

MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.

Side-by-Side Comparison

MetricBCFNSPY
Expense Ratio0.80%0.09%Best
AUM-$804.7B
Dividend Yield0.00%0.98%
Holdings44505
YTD Return-9.20%+13.82%Best
1Y Return-+16.96%
3Y Return (annualized)-+22.97%
5Y Return (annualized)-+13.73%
Top 10 Weight45.1%37.8%Best
Fund FamilyBaron FundsState Street Investment Management
CategoryEquityEquity
StyleLarge Cap ValueLarge Cap Blend
InceptionDec 12, 2025Jan 22, 1993

Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.

BCFN vs SPY growth

Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.

BCFN vs SPY Performance

Baron Financials ETF (BCFN) is an ETF from Baron Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, BCFN is down 9.20% versus a gain of 13.82% for SPY.

Past performance does not guarantee future results.

Fees and Cost Over Time

BCFN charges 0.80% per year while SPY charges 0.09%. On a $10,000 position that is $80 vs $9 annually, a gap of $71 per year that compounds over a long holding period. On income, BCFN currently yields 0.00% against 0.98% for SPY.

Holdings Overlap

BCFN already in SPY72.4%
SPY already in BCFN6.6%

72.4% of BCFN's money is in holdings SPY also owns. 6.6% of SPY's money is in holdings BCFN also owns.

Most of BCFN is already inside SPY. Owning both mostly buys the same companies twice.

25 positions in common, counted across the 42 positions we hold weights for in BCFN and 504 in SPY, against full books of 44 and 505.

What only one of them owns

Our book lists 472 positions for SPY that do not appear in our book for BCFN (92.8% of the fund), and 13 for BCFN that do not appear in SPY (18.7%).

Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.

Top Shared Holdings

StockWeight in BCFNWeight in SPYDifference
VVisa Inc Class A5.88%0.94%4.94%
MAMastercard Inc5.73%0.71%5.02%
JPMJpmorgan Chase4.87%1.45%3.42%
BACBank of America Corp.: Financials4.82%0.62%4.20%
SCHWSchwab Strategic T4.37%0.27%4.10%
MSMorgan Stanley3.94%0.38%3.56%
IBKRInteractive Brokers Group Inc4.16%0.06%4.10%
SPGIS&p Global Inc.3.90%0.20%3.70%
MCOMoody'S Corp.3.66%0.11%3.55%
KKRKkr & Co. Inc. Class a3.43%0.11%3.32%

72.4% of BCFN is already inside SPY.

You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.

BCFNSPY

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, BCFN or SPY?

BCFN has an expense ratio of 0.80% while SPY charges 0.09%. SPY is the cheaper option, by $71 a year on a $10,000 investment.

What is the holdings overlap between BCFN and SPY?

72.4% of BCFN's money is in holdings SPY also owns. 6.6% of SPY's is in holdings BCFN also owns. They hold 25 positions in common, counted across the 42 positions we hold weights for in BCFN and 504 in SPY.

Which pays a higher dividend, BCFN or SPY?

BCFN yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.

Is SPY better than BCFN?

SPY has a lower expense ratio. SPY led over 1Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 45.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.